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Sedemac Mechatronics Investors Eye ’1,329 Cr Block Deal, Offloading 10% Stake
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CNBC TV18•23-09-2026, 19:56
Sedemac Mechatronics Investors Eye ’1,329 Cr Block Deal, Offloading 10% Stake
- •Investors are set to offload up to 44.3 lakh shares, or 10% equity, in Sedemac Mechatronics Ltd through a block deal, aiming to raise approximately ’1,329 crore.
- •The floor price for the block deal is fixed at ’3,000 per share, representing a 1.2% discount to the company's current market price.
- •Key sellers in the transaction include A91 Emerging Fund, Xponentia Opportunities Fund, and HDFC Life Insurance Company.
- •Shares sold in this transaction will be subject to a 60-day lock-in period, restricting further sales.
- •Sedemac Mechatronics, a Pune-based company, supplies control-intensive electronic control units (ECUs) to OEMs in the mobility and industrial sectors across India, the US, and Europe, with customers like TVS Motor Company and Bajaj Auto.
Key Questions Answered
Investors are likely to offload up to 44.3 lakh shares, representing a 10% equity stake in Sedemac Mechatronics Ltd, to raise around ₹1,329 crore. The floor price has been set at ₹3,000 per share, which reflects a discount of up to 1.2% to the current market price.
The selling shareholders participating in this transaction include A91 Emerging Fund, Xponentia Opportunities Fund, and HDFC Life Insurance Company, among others.
The shares sold through the block deal transaction are subject to a 60-day lock-in period on any further sale.
